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Recent Developments in Applied Demand Analysis: Alcohol, Advertising and Global Consumption

Name: Recent Developments in Applied Demand Analysis: Alcohol, Advertising and Global Consumption
Author: E.A. Selvanathan
ISBN: 9783642852077

by E.A. Selvanathan, Kenneth W. Clements

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Overview

This book presents a number of recent developments in demand analysis. These include new, simple data-analytic techniques for analysing consumption data; new tests based on computer simulations for hypothesis testing; new methodological results on how to estimate demand equations; innovative applications to alcohol demand; extensions of the system-wide framework to analyse the effects of advertising on consumption; novel approaches to forecasting consumption patterns; and new theoretical results on aggregation of demand systems over consumers. All these innovations are extensively illustrated with the use of data from the OECD countries.

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Presents a number of recent developments in demand analysis, including new simple data-analytic techniques for analyzing consumption data; new tests based on computer simulations for hypothesis testing; new methodological results on how to estimate demand equations; innovative applications to alcohol demand; extension of the system-wide framework to analyze the effects of advertising on consumption; novel approaches to forecasting consumption patterns; and new theoretical results on aggregation of demand systems over consumers. All of these innovations are extensively illustrated with the use of data from 18 OECD countries. Applications include reliable estimates of income and price elasticities of demand for 10 commodity groups in 18 countries, as well as for the alcoholic beverages beer, wine, and spirits in the UK and Australia. Annotation c. Book News, Inc., Portland, OR (booknews.com)